Who or what is helping
drive reverse that truck named GST?
GST has been around for 134 days now. I haven’t written a blogpost for 80 of those. In the
interregnum interim, much has changed. Taking up from my last 2 blog posts on GST (here and here), it seems much that I ranted about has been addressed:
- Rules have been eased for small exporters
- RCM (reverse charge) is all but abolished, at least for fiscal 2018-19
- The website has been revamped
- Some relief from filing returns
- Life made easy for EOU/ STPI/ EHTP etc. units
However, the proposals from last evening still leave much ground to be covered:
- Highest tax slab of 28% is still too high
- Cement, Washing Machines, Refrigerators are still considered luxuries and taxed at 28%
- No relief for sanitary napkins
- Caterers and restaurants were taxed at par in the earlier regime. Restaurants are now at 5%, caterers at 18%. Needless to say more caterers will open restaurants now
- Oh, and those export refund rules, they are something else, for another blog post, maybe?
(in)credible thoughts come to mind:
- Was the Govt experimenting
- What was the sum total of the thought applied while framing the rules
- If these roll backs have happened for the common man, was the common man not on the horizon while these rules were framed?
- And above all, is the Govt working on the notion that it can drive the economy of the nation on the basis of a Learners Licence? (h/t – anonymous)
IMHO, agreeing for once with conventional wisdom, all this easing for the Gujarat elections? Or say till GE 2019? Come July 2019, whither GST?